KeraCel, Inc. announced that it will issue 3,500,000 series A-1 preferred stock at a price of $4.09 per share for gross proceeds of $14,315,000 on November 30, 2020. The shares are convertible and non-redeemable. The shares will be convertible into common shares at a fixed conversion price of $4.09 per share. The round will be raised at a post-money valuation of $22,588,825.